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Lenovo misses profit estimates, company to invest additional $1 bn in AI Chinese PC major Lenovo Group on Thursday reported revenue of $12.9 billion and net income of $191 million for the June quarter which did not meet analysts’ estimates. Revenue from the non-PC businesses accounted for 41 per cent of the company’s revenue, with the service-led business achieving strong growth and sustained profitability. Lenovo was the top vendor in the global PC market with 23.1 per cent market share in the June quarter though its shipments nosedived by 18.4 ...
Lenovo misses profit estimates, company to invest additional $1 bn in AI
Lenovo misses profit estimates, company to invest additional $1 bn in AI
Source: IANS
17/08/2023 4:43:37 PM
Lenovo logs $400 mn quarterly revenue across portfolios in India Global technology company Lenovo Group on Friday reported revenue of $15.3 billion and net income of $437 million in the third quarter (Q3) of FY22-23, signalling strong momentum for its services and solutions business. With total revenue of over $400 million across all Lenovo portfolios in India in Q3, the company continues to see good growth in the country. "We are committed to investing in capability building to deliver for our customers beyond end-point devices and achieve our ...
Lenovo logs $400 mn quarterly revenue across portfolios in India
Lenovo logs $400 mn quarterly revenue across portfolios in India
Source: IANS
17/02/2023 12:34:54 PM
Lenovo India logs $2.2 bn in sales with 38% YoY growth Global technology brand Lenovo Group on Thursday reported record fiscal year results, with historic highs on both profit and revenue fronts, as its India business reached record high. The total revenue for all Lenovo businesses in India was $2.2 billion for the full fiscal year ending March 31, representing a year-on-year increase of 38 per cent. It was supported by nearly doubling the volume of manufactured PCs and smartphones in India while increasing locally manufactured tablets mani...
Lenovo India logs $2.2 bn in sales with 38% YoY growth
Lenovo India logs $2.2 bn in sales with 38% YoY growth
Source: IANS
27/05/2022 8:44:25 AM
Lenovo leads global PC market in Q1 2021, HP 2nd Lenovo led the global traditional PC market (including desktops, notebooks, and workstations) in the first quarter of 2020 with 24.3 per cent share, as the worldwide shipments grew 55.2 per cent (on-year), according to an IDC report. HP Inc was second with 22.9 per cent PC market share, followed by Dell Technologies at 15.4 per cent share. PC shipments reached 84 million worldwide in the January-March period, a modest 8 per cent decline from the fourth quarter of 2020. While sequenti...
Lenovo leads global PC market in Q1 2021, HP 2nd
Lenovo leads global PC market in Q1 2021, HP 2nd
Source: IANS
11/04/2021 1:29:41 PM
Lenovo to launch new Legion gaming phone this Spring Lenovo is planning to launch the successor of its Legion gaming smartphone this year and the company has teased the device on the Chinese microblogging website Weibo. In his post on Weibo, Lenovo General Manager Chen Jin said the phone will be feature-packed and will not compromise on anything to achieve the ultimate gaming experience, reports GSMArena. He also promised a Spring release for the handset. The new handset may carry the Lenovo Legion Pro 2 moniker. As a gaming flagship, ...
Lenovo to launch new Legion gaming phone this Spring
Lenovo to launch new Legion gaming phone this Spring
Source: IANS
26/02/2021 5:29:29 PM
India tablet market records 14.7% growth in 2020, Lenovo leads India tablet market recorded 14.7 per cent (YoY) growth with 2.8 million unit shipment in 2020, with Lenovo maintaining its lead with 6.6% growth in its shipments over 2019, an IDC report said on Friday. Samsung was the top gainer as their strong control on component supplies helped them gain a 13-percentage point jump in their market share. Also, it managed to remain at the top spot in the consumer segment with shipments growing 157 per cent over 2019, according to the IDC's 'W...
India tablet market records 14.7% growth in 2020, Lenovo leads
India tablet market records 14.7% growth in 2020, Lenovo leads
Source: IANS
26/02/2021 3:06:58 PM
Lenovo third-quarter profit tops expectations SHANGHAI  - China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. Net profit jumped to $395 million for the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data. Revenue increased 22% to $17.25 billion.   (Reporti...
Lenovo third-quarter profit tops expectations
Lenovo third-quarter profit tops expectations
Source: Reuters
3/02/2021 10:01:59 AM
Global PC shipments hit 91.6 mn units in Q4 2020, Lenovo leads  Work from home and remote learning amid the pandemic kept the worldwide traditional PC sales on fire in the fourth quarter of 2020, logging 26.1 per cent (on-year) growth to reach 91.6 million shipment units, the IDC said on Monday. Lenovo with 25.2 per cent share led the global PC shipments, follewed by HP Inc with 20.9 per cent and Dell with 17.2 per cent share at the third spot, according to the IDC's 'Worldwide Quarterly Personal Computing Device Tracker'. The trad...
Global PC shipments hit 91.6 mn units in Q4 2020, Lenovo leads
Global PC shipments hit 91.6 mn units in Q4 2020, Lenovo leads
Source: IANS
11/01/2021 5:44:05 PM